INDIAN RAILWAY FIN CORP L (IRFC) financials

INDIAN RAILWAY FIN CORP L (IRFC) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1986, Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease[1]

Market Cap: ₹1,01,281Cr.
Current Price: ₹77.5
Stock P/E: 14.1
ROE: 12.8%
ROCE: 5.64%
Book Value: ₹43.4
Dividend Yield: 2.71%
52W High / Low: ₹137/74.1

In Jun 2026, INDIAN RAILWAY FIN CORP L (IRFC) reported sales ₹8,261 Cr and net profit ₹1,927 Cr.

Annual TTM: sales ₹28,630 Cr, net profit ₹7,191 Cr.

Shareholding: Promoters 82.90% (Sep 2026), FIIs 1.15% (Sep 2026), DIIs 3.96% (Sep 2026), Public 11.99% (Sep 2026), No. of Shareholders 50,13,659% (Sep 2026).

IRFC quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	6,900	6,763	6,723	6,915	6,372	6,661	7,336	8,261
Interest	5,249	5,095	4,996	5,124	4,544	4,812	5,524	6,421
Expenses	38	39	44	47	49	104	118	42
Financing Profit	1,613	1,629	1,683	1,744	1,778	1,746	1,694	1,798
Financing Margin %	23%	24%	25%	25%	28%	26%	23%	22%
Other Income	1	3	1	3	0	58	-7	130
Depreciation	1	1	1	1	1	1	2	1
Profit before tax	1,613	1,631	1,682	1,746	1,777	1,802	1,684	1,927
Tax %	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	1,613	1,631	1,682	1,746	1,777	1,802	1,684	1,927
EPS in Rs	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47
Gross NPA %	—	—	—	—	—	—	—	—
Net NPA %	—	—	—	—	—	—	—	—
Raw PDF	—	—	—	—	—	—	—	—

IRFC profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue	13,421	15,771	20,299	23,892	26,650	27,153	27,285	28,630
Interest	10,163	11,237	14,075	17,447	20,101	20,495	20,005	21,302
Expenses	66	113	123	134	133	154	318	313
Financing Profit	3,192	4,420	6,102	6,310	6,415	6,504	6,962	7,016
Financing Margin %	24%	28%	30%	26%	24%	24%	26%	24%
Other Income	0	0	2	41	6	4	53	181
Depreciation	0	4	14	14	9	5	6	6
Profit before tax	3,192	4,416	6,090	6,337	6,412	6,502	7,009	7,191
Tax %	0%	0%	0%	0%	0%	0%	0%	—
Net Profit	3,192	4,416	6,090	6,337	6,412	6,502	7,009	7,191
EPS in Rs	2.69	3.38	4.66	4.85	4.91	4.98	5.36	5.50
Dividend Payout %	0%	31%	30%	31%	31%	32%	39%	—

IRFC balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9,380	11,880	13,069	13,069	13,069	13,069	13,069	13,069
Reserves	15,648	18,419	22,845	27,928	32,402	36,110	39,599	43,680
Borrowing	173,933	234,377	323,145	388,440	418,935	412,039	412,133	436,471
Other Liabilities	7,642	10,828	21,423	20,544	26,742	23,865	24,034	23,457
Total Liabilities	206,604	275,504	380,482	449,980	491,147	485,082	488,835	516,676
Fixed Assets	11	11	45	38	19	22	18	18
CWIP	0	0	0	0	0	4	4	10
Investments	13	12	12	10	14	54	38	28
Other Assets	206,579	275,482	380,424	449,932	491,114	485,003	488,775	516,620
Total Assets	206,604	275,504	380,482	449,980	491,147	485,082	488,835	516,676

IRFC cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-41,748	-62,701	-89,907	-64,412	-28,584	7,914	8,230	-27,026
Cash from Investing Activity	1	1	0	-5	0	-8	-0	-3
Cash from Financing Activity	41,749	62,697	90,202	64,266	28,643	-8,046	-2,572	21,560
Net Cash Flow	3	-2	296	-151	60	-140	5,658	-5,469
Free Cash Flow	-41,749	-62,701	-89,907	-64,419	-28,585	7,906	8,229	-27,030
CFO/OP	-371%	-465%	-572%	-319%	-120%	30%	31%	-100%

IRFC shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	86.36%	86.36%	86.36%	86.36%	86.36%	84.65%	82.90%	82.90%
FIIs	1.01%	0.98%	0.93%	0.97%	0.98%	1.16%	1.17%	1.15%
DIIs	1.24%	1.34%	1.45%	1.48%	1.54%	2.89%	3.98%	3.96%
Public	11.40%	11.32%	11.24%	11.17%	11.10%	11.29%	11.94%	11.99%
No. of Shareholders	55,40,767	56,35,775	54,51,172	53,17,981	51,69,331	51,13,569	50,86,488	50,13,659

IRFC key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	12%	12%	13%	16%	15%	14%	13%	13%

IRFCUpdated 13 Oct 2026, 5:37

Indian Railway Fin Corp L

IRFCUpdated 13 Oct 2026, 5:37

Market Cap

₹1,01,281Cr.

Current Price

₹77.5

High / Low

₹137/74.1

Stock P/E

14.1

ROE12.8%

ROCE5.64%

Book Value₹43.4

Face Value₹10.0

Dividend Yield2.71%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Net Profit	EPS (₹)
Jun 2023	6679	5091	29	1559	23	2	4	1557	1557	1.19
Sep 2023	6761	5181	34	1546	23	1	2	1545	1545	1.18
Dec 2023	6737	5104	35	1597	24	3	1	1599	1599	1.22
Mar 2024	6475	4725	34	1716	26	3	2	1717	1717	1.31
Jun 2024	6766	5155	33	1578	23	0	2	1577	1577	1.21
Sep 2024	6900	5249	38	1613	23	1	1	1613	1613	1.23
Dec 2024	6763	5095	39	1629	24	3	1	1631	1631	1.25
Mar 2025	6723	4996	44	1683	25	1	1	1682	1682	1.29
Jun 2025	6915	5124	47	1744	25	3	1	1746	1746	1.34
Sep 2025	6372	4544	49	1778	28	0	1	1777	1777	1.36
Dec 2025	6661	4812	104	1746	26	58	1	1802	1802	1.38
Mar 2026	7336	5524	118	1694	23	-7	2	1684	1684	1.29
Jun 2026	8261	6421	42	1798	22	130	1	1927	1927	1.47

Profit & loss

Annual statement₹ Cr.

Year	Revenue	Interest	Expenses	Financing Profit	Financing Margin %	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	6939	4992	34	1914	28	1	0	1914	60	758	211.58
Mar 2016	7507	5519	38	1950	26	1	0	1950	56	849	187.5
Mar 2017	9047	6888	26	2133	24	0	0	2133	56	934	143.08
Mar 2018	9267	6638	38	2592	28	1	0	2592	21	2055	3.15
Mar 2019	11134	8183	48	2902	26	0	0	2902	22	2255	2.4
Mar 2020	13421	10163	66	3192	24	0	0	3192	0	3192	2.69
Mar 2021	15771	11237	113	4420	28	0	4	4416	0	4416	3.38
Mar 2022	20299	14075	123	6102	30	2	14	6090	0	6090	4.66
Mar 2023	23892	17447	134	6310	26	41	14	6337	0	6337	4.85
Mar 2024	26650	20101	133	6415	24	6	9	6412	0	6412	4.91
Mar 2025	27153	20495	154	6504	24	4	5	6502	0	6502	4.98
Mar 2026	27285	20005	318	6962	26	53	6	7009	0	7009	5.36
TTM	28630	21302	313	7016	24	181	6	7191	—	7191	5.5

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	82.9%
FIIs	1.15%
DIIs	3.96%
Public	11.99%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	86.36%	1.15%	1.15%	11.34%
Mar 2024	86.36%	1.08%	0.89%	11.68%
Jun 2024	86.36%	1.11%	1.08%	11.45%
Sep 2024	86.36%	1.09%	1.08%	11.48%
Dec 2024	86.36%	1.01%	1.24%	11.4%
Mar 2025	86.36%	0.98%	1.34%	11.32%
Jun 2025	86.36%	0.93%	1.45%	11.24%
Sep 2025	86.36%	0.97%	1.48%	11.17%
Dec 2025	86.36%	0.98%	1.54%	11.1%
Mar 2026	84.65%	1.16%	2.89%	11.29%
Jun 2026	82.9%	1.17%	3.98%	11.94%
Sep 2026	82.9%	1.15%	3.96%	11.99%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	3584	5098	7696	87647	12	0	9	87626	87647
Mar 2016	4526	6999	9372	108400	12	0	8	108381	108400
Mar 2017	6526	5483	11245	129650	12	0	8	129630	129650
Mar 2018	6526	7402	13534	161468	11	0	14	161443	161468
Mar 2019	9380	15648	7642	206604	11	0	13	206579	206604
Mar 2020	11880	18419	10828	275504	11	0	12	275482	275504
Mar 2021	13069	22845	21423	380482	45	0	12	380424	380482
Mar 2022	13069	27928	20544	449980	38	0	10	449932	449980
Mar 2023	13069	32402	26742	491147	19	0	14	491114	491147
Mar 2024	13069	36110	23865	485082	22	4	54	485003	485082
Mar 2025	13069	39599	24034	488835	18	4	38	488775	488835
Mar 2026	13069	43680	23457	516676	18	10	28	516620	516676

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	—	—	—	—
Mar 2016	-16378	2	17582	1206
Mar 2017	-19455	2	18250	-1204
Mar 2018	-28076	2	28075	0
Mar 2019	-41748	1	41749	3
Mar 2020	-62701	1	62697	-2
Mar 2021	-89907	0	90202	296
Mar 2022	-64412	-5	64266	-151
Mar 2023	-28584	0	28643	60
Mar 2024	7914	-8	-8046	-140
Mar 2025	8230	0	-2572	5658
Mar 2026	-27026	-3	21560	-5469

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	9%	8%	8%	16%	12%	12%	13%	16%	15%	14%	13%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of INDIAN RAILWAY FIN CORP L (IRFC)?

The reported market capitalisation for INDIAN RAILWAY FIN CORP L (IRFC) is ₹1,01,281Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of IRFC?

The current price shown for INDIAN RAILWAY FIN CORP L (IRFC) on Fincrux is ₹77.5 with a 52-week high/low of ₹137/74.1.

What is the P/E ratio of INDIAN RAILWAY FIN CORP L (IRFC)?

The stock P/E for INDIAN RAILWAY FIN CORP L (IRFC) is 14.1 on Fincrux, with ROE at 12.8% and ROCE at 5.64%.

What were IRFC latest quarterly results?

For Jun 2026, INDIAN RAILWAY FIN CORP L (IRFC) reported sales ₹8,261 Cr and net profit ₹1,927 Cr (figures in ₹ crore unless noted).

What are IRFC annual sales and net profit?

For TTM, INDIAN RAILWAY FIN CORP L (IRFC) shows sales of ₹28,630 Cr and net profit of ₹7,191 Cr on the Fincrux profit & loss statement.

Who owns INDIAN RAILWAY FIN CORP L (IRFC)?

Latest shareholding for INDIAN RAILWAY FIN CORP L (IRFC) on Fincrux: Promoters 82.90% (Sep 2026), FIIs 1.15% (Sep 2026), DIIs 3.96% (Sep 2026), Public 11.99% (Sep 2026), No. of Shareholders 50,13,659% (Sep 2026).

Where can I find INDIAN RAILWAY FIN CORP L (IRFC) financials?

INDIAN RAILWAY FIN CORP L (IRFC) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show IRFC balance sheet and cash flow?

Yes. The INDIAN RAILWAY FIN CORP L (IRFC) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 5:37